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Renewables Attract R192.6bn of Investment for SA

The renewables sector attracted R192.6 billion in investment, of which 28 percent is much-needed foreign investment, says the Department of Energy.

According to a report by the Department of Energy, the renewables sector has attracted R192.6 billion in investment, of which 28 percent (R53.2 billion) is much-needed foreign investment.

The State of Renewable Energy in South Africa report, which was released at the South Africa International Renewable Energy Conference (SAIREC), explains that South Africa is well on its way to achieving a goal of 30 percent clean energy by 2025.

“We’re making intelligent use of our natural advantages,” says Energy Minister, Tina Joemat-Pettersson, adding that, “Renewables are a massive success story for South Africa.”